MedAdvisor: Changes share price for capital raise

  • MedAdvisor (MDR) has adjusted the price for its capital raise
  • Investors will now be able to grab the health stock’s shares at 38 cents, which is 7 cents cheaper than the initial price
  • Under the capital raise, the company is aiming to raise $45 million, with a minimum target of $35 million
  • The purchase will accelerate MedAdvisor’s U.S. presence by using Adheris’ existing pharmacy integrations
  • MedAdvisor’s and Adheris technology will integrate to create programs that can positively influence patient behavior from point of initial prescribing to the pharmacy
  • Company shares last traded for 40 cents on October 30
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

LSEG Launches Blockchain-Based Digital Settlement Network

This new platform aims to enhance financial settlement processes.Highlights: LSEG has launched a blockchain-enabled digital settlement network.The platform...

SWIFT to Build Shared Ledger for Tokenised Asset Transactions

New initiative aims to streamline digital asset transactions globally.Highlights: SWIFT is launching a shared ledger for tokenised assets.The...

Keye Launches AI Co-Pilot for Private Equity Due Diligence

Innovative tool aims to streamline investment analysis and decision-making.Highlights: Keye introduces an AI co-pilot for private equity due...

Cosegic Strengthens Financial Crime Expertise with Fintrail Acquisition

The acquisition enhances Cosegic's capabilities in combating financial crime.Highlights: Cosegic acquires Fintrail to enhance financial crime capabilities.The acquisition...